Scotia unveils front-end no-commission funds

Article Abstract:

Scotia Discount Brokerage Inc is offering front-end load mutual funds with a zero commission. Scotia said that the zero-commission is applicable to more than 300 funds with an annual trailer fee of at least 0.5% of a client's investment. The brokerage will require a minimum investment of $2,500 for the purchase of these funds but will not charge a penalty fee if investors cash their funds out before 90 days.

United States, Marketing procedures, Bank Securities Brokerage, Scotia Discount Brokerage Inc.

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Stock funds stars in 1999; bonds went to the dogs

Article Abstract:

Montreal, Que.-based Merrill Lynch Canada Inc.'s Scott Barlow, a fund specialist, said that global science and technology funds performed strongly due to rapid growth in the technology and telecommunications markets. Some of the best performing stocks were in the technology and Asian sectors.

Securities Dealers, Financial analysis, Security brokers and dealers, Evaluation, Securities industry, Merrill Lynch Canada Inc.

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Money market funds lure frightened investors

Article Abstract:

Investors in Canada are veering toward money market funds in response to volatile stock markets. A new report by the Investment Funds Institute of Canada has revealed that investors put a record $2.1 billion in money market funds in March 2001.

Sales, profits & dividends, Open-End Investment Funds, Investment Funds & Trusts, HOLDING AND OTHER INVESTMENT OFFICES, Financial services industry, Financial services, Reports, Money market, Money markets, Investment Funds Institute of Canada

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